IMBOCO PROJECTS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IMBOCO PROJECTS
Largest movements
- Receivables within one year -€40,935
down €40,935 (-36.3%), from €112,690 to €71,755
of which Other amounts receivable: -€32,787
- Cash +€3,994
up €3,994 (+26.9%), from €14,873 to €18,868
mainly Receivables within one year (+€40,935) and Other debts (+€10,261)
- Tangible fixed assets +€3,931
up €3,931 (+38.7%), from €10,166 to €14,097
of which Furniture and vehicles: +€5,580
- Reserves -€34,672
down €34,672 (-43.3%), from €80,041 to €45,369
- Other debts +€10,261
new in 2026: €10,261
- Tax, wage and social debts -€6,573
down €6,573 (-42.7%), from €15,412 to €8,838
- Financial income -€2,137
no longer reported in 2026 (was €2,137)
- Gross operating margin +€2,087
up €2,087 (+13.6%), from €15,306 to €17,393
- Financial charges -€1,725
down €1,725 (-43.5%), from €3,962 to €2,237
- Depreciation +€1,150
up €1,150 (+47.1%), from €2,440 to €3,590
- Taxes +€847
up €847 (+23.9%), from €3,536 to €4,383
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,774 | €106,036 | -€31,738 | -23.0% |
| Fixed assets | 21/28 | €10,166 | €14,097 | +€3,931 | +38.7% |
| Tangible fixed assets | 22/27 | €10,166 | €14,097 | +€3,931 | +38.7% |
| Plant, machinery and equipment | 23 | €6,899 | €5,250 | -€1,649 | -23.9% |
| Furniture and vehicles | 24 | €3,267 | €8,847 | +€5,580 | +171% |
| Current assets | 29/58 | €127,608 | €91,939 | -€35,669 | -28.0% |
| Amounts receivable within one year | 40/41 | €112,690 | €71,755 | -€40,935 | -36.3% |
| Trade receivables | 40 | €52,151 | €44,004 | -€8,147 | -15.6% |
| Other amounts receivable | 41 | €60,539 | €27,752 | -€32,787 | -54.2% |
| Cash at bank and in hand | 54/58 | €14,873 | €18,868 | +€3,994 | +26.9% |
| Deferred charges and accrued income | 490/1 | €44 | €1,316 | +€1,271 | +2,862% |
| Total equity and liabilities | 10/49 | €137,774 | €106,036 | -€31,738 | -23.0% |
| Equity | 10/15 | €119,881 | €85,209 | -€34,672 | -28.9% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €80,041 | €45,369 | -€34,672 | -43.3% |
| Distributable reserves | 133 | €80,041 | €45,369 | -€34,672 | -43.3% |
| Profit (loss) carried forward | 14 | €2,641 | €2,641 | = | 0.0% |
| Amounts payable | 17/49 | €17,892 | €20,827 | +€2,934 | +16.4% |
| Amounts payable within one year | 42/48 | €17,892 | €20,827 | +€2,934 | +16.4% |
| Trade debts | 44 | €2,481 | €1,728 | -€753 | -30.4% |
| Suppliers | 440/4 | €2,481 | €1,728 | -€753 | -30.4% |
| Taxes, remuneration and social security | 45 | €15,412 | €8,838 | -€6,573 | -42.7% |
| Taxes | 450/3 | €15,412 | €8,838 | -€6,573 | -42.7% |
| Other amounts payable | 47/48 | - | €10,261 | +€10,261 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,440 | €3,590 | +€1,150 | +47.1% |
| Other operating charges | 640/8 | €654 | €208 | -€446 | -68.3% |
| Gross operating margin | 9900 | €15,306 | €17,393 | +€2,087 | +13.6% |
| Operating profit (loss) | 9901 | €12,213 | €13,596 | +€1,383 | +11.3% |
| Financial income | 75/76B | €2,137 | - | -€2,137 | |
| Recurring financial income | 75 | €2,137 | - | -€2,137 | |
| Financial charges | 65/66B | €3,962 | €2,237 | -€1,725 | -43.5% |
| Recurring financial charges | 65 | €3,962 | €2,237 | -€1,725 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €10,388 | €11,359 | +€971 | +9.3% |
| Income taxes | 67/77 | €3,536 | €4,383 | +€847 | +23.9% |
| Profit (loss) for the period | 9904 | €6,851 | €6,976 | +€124 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,851 | €6,976 | +€124 | +1.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.